United States 12 Month Oil Fund (NYSEARCA:USL) Trading 5.5% Higher – Here’s What Happened

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s share price traded up 5.5% on Monday . The company traded as high as $49.35 and last traded at $49.18. 20,772 shares were traded during trading, a decline of 43% from the average session volume of 36,629 shares. The stock had previously closed at $46.62.

United States 12 Month Oil Fund Stock Up 5.5%

The company’s fifty day simple moving average is $50.50 and its 200-day simple moving average is $44.71.

Institutional Trading of United States 12 Month Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in United States 12 Month Oil Fund during the fourth quarter worth $1,523,000. Roxbury Financial LLC boosted its stake in shares of United States 12 Month Oil Fund by 129.5% during the 4th quarter. Roxbury Financial LLC now owns 3,825 shares of the company’s stock worth $127,000 after acquiring an additional 2,158 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of United States 12 Month Oil Fund by 41.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock worth $1,143,000 after acquiring an additional 9,373 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of United States 12 Month Oil Fund by 16.8% during the 2nd quarter. Osaic Holdings Inc. now owns 6,700 shares of the company’s stock valued at $235,000 after acquiring an additional 962 shares during the period. Finally, Jane Street Group LLC grew its position in shares of United States 12 Month Oil Fund by 234.5% during the 1st quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock valued at $1,283,000 after acquiring an additional 23,551 shares during the period.

United States 12 Month Oil Fund Company Profile

The United States 12 Month Oil Fund, LP (USL) is an exchange-traded fund that is based on the 12 Month Light Sweet Crude Oil index. The fund tracks light, sweet crude oil spot prices using an average of the 12 nearest-month NYMEX WTI crude oil futures contracts. USL was launched on Dec 6, 2007 and is managed by US Commodity Funds.